❌ HB483
Allow partial property tax deferral for eligible homeowners
Current Status: In House Committee (Ways and Means)
Summary
HB483 allows eligible homeowners to defer the payment of a portion of their property taxes. To qualify, homeowners must meet certain income thresholds and own a qualifying homestead valued at no more than $750,000. The deferral applies to current taxes and interest accrues on deferred amounts, which must be paid upon the homeowner's death or sale of the property.
Rationale
The bill introduces a government program that provides tax deferrals, which may conflict with Libertarian principles advocating for minimal government intervention and taxation. It creates additional regulations and oversight, which may be seen as contrary to the goals of reducing government control over individual property rights.
Risks and Concerns
- Increased government control over property taxation
- Potential for bureaucratic inefficiencies
- Encouragement of dependency on government programs